JAMS Leads ADR Industry in Providing Quicker, Less Expensive Option for Business Commercial Arbitration
October 07, 2010
IRVINE, Calif. – JAMS, the largest private provider of mediation and arbitration services worldwide, announced the launch of its new Optional Expedited Arbitration Procedures.
JAMS has taken an industry-leading role to ensure arbitration remains an attractive alternative to litigation. In order to save clients time and money, JAMS has instituted new procedural options that allow the crafting of a process that is commensurate with the dispute. With JAMS new Optional Expedited Arbitration Procedures, parties can choose a process that limits depositions, document requests and e-discovery. When parties utilizing JAMS Comprehensive Arbitration Rules elect to use these procedures, they agree to the voluntary and informal exchange of all non-privileged documents and other information relevant to the dispute. These new rules are an innovative step taken by JAMS to guarantee that its clients can have an efficient process if they choose.
“We know that many clients think the arbitration process is no longer a faster or less expensive alternative to litigation,” said Chris Poole, JAMS president and CEO. “Now JAMS offers a choice that allows attorneys to customize the process to fit the needs of their cases and clients, enabling them to conduct their arbitrations in a quicker, more efficient manner.”
“The procedures are well suited to major business commercial and other disputes in which the parties want a timely resolution,” said Richard Chernick, JAMS vice president and managing director of JAMS’ Arbitration Practice. “We have talked with many corporate counsel and outside attorneys about how we as a provider can help them better control the process. These procedures now provide them a choice and will be effective in expediting arbitrations.”
The JAMS Optional Expedited Arbitration Procedures are included in the updated JAMS Comprehensive Arbitration Rules, which become effective October 1. They will also be posted in the Rules/Clauses section of the JAMS website.
About JAMS, The Resolution Experts
Founded in 1979, JAMS, The Resolution Experts is the largest private provider of mediation and arbitration services worldwide. With Resolution Centers nationwide and abroad, JAMS and its more than 250 exclusive neutrals are responsible for resolving thousands of the world’s important cases. JAMS may be reached at 800-352-5267.